Winking Studios Limited

13.75pAs of Sun 8 Nov 2026, 12:00 UTC

LSE:WKSCommunication

Ctry United Kingdom

PE (Fwd) 148.8

TSR 10Y CAGR —

Div yield —

ROE 0.63%

Electronic Gaming & Multimedia

Beta (5Y) 0.04

PE TTM 252.4

TSR TTM 5.77%

Mkt cap £60.46M

ROIC 3.41%

SE Grade™

Value

Quality

Moat

1Y Price

Reference

15p

6.96%

(46.66%)

Price above Reference Value

TTM

FYE 31 Dec USD

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

45.50

Revenue$M

—

24.50

29.28

31.90

45.50

50.71

22.92%

—

42.64

Revenue growth%

—

19.52

8.94

42.64

11.45

19.52

—

29.78

Gross margin%

—

26.32

31.88

29.67

29.78

30.13

29.72

—

1.56

Operating margin%

—

3.99

5.27

(4.72)

1.56

1.64

2.78

—

0.72

Net margin%

—

4.23

6.08

1.65

0.72

0.83

2.94

—

252.4

P/E ratio (avg)x

—

211.5

280.2

195.1

245.9

—

80.01

EV/EBITx

—

94.08

62.97

94.08

—

5.57

FCF yield (avg)%

—

0.08

5.01

6.53

2.55

—

10.07

FCF margin%

—

1.19

9.57

0.29

10.07

10.59

5.38

—

14.05

FCF / Net incomex

—

0.282

1.574

0.179

14.05

12.73

0.928

—

3.41

ROIC%

—

12.43

19.88

(14.43)

3.41

3.20

7.92

—

0.63

Return on equity%

—

9.32

10.93

1.47

0.63

0.79

5.39

—

0.47

Return on assets%

—

5.32

5.84

0.87

0.47

0.61

3.10

—

EPS$

—

0.01

—

(41.74%)

—

(52.48)

EPS growth%

—

97.26

(78.91)

(52.48)

29.39

(52.48)

—

0.12

Bookvalue per sh$

—

0.04

0.09

0.15

0.12

44.15%

—

0.01

FCF per share$

—

0.01

—

0.01

114.46%

—

Dividend per sh$

—

Div yield (avg)%

—

Payout ratio%

—

439.7

Shares (diluted)M

—

279.7

243.4

340.4

444.7

◌444.7

16.72%

—

(30.66)

Buyback yield%

—

12.98

(39.86)

(30.66)

◌—

(30.66)

—

0.054

D/E ratiox

—

0.251

0.122

0.061

0.054

0.053

0.092

—

56.81

Enterprise value$M

—

74.28

66.80

52.37

(10.08%)

—

LT debt$M

—

Peers (US$77.68M)

Cap (US$)

ActiveOps Plc

85.03M

—

Bango PLC

81.68M

—

PCI-PAL PLC

71.17M

—

StradVision, Inc.

79.17M

—

Capital

TTM

10Y

Leveragex

(6.169)

(5.153)

EBIT/Intx

4.641

10.47

Own earn%

—

Sh yield%

(30.66)

Owners

Insiders/Inst%

8.14

2.24

Short interest%

—

SBC / revenue%

2.47

Record

10Y

Profitable years

4/4

Revenue growth years

3/3

EPS growth years

1/3

Dividend streakyrs

Op margin range%

−5–5

$1 testx

—

Incr. ROIC%

—

Winking Studios Limited, an investment holding company, operates as an art outsourcing and game development studio in Mainland China, Taiwan, South Korea, the United States, Japan, and internationally. The company operates three segments: Original Equipment Manufacturer (Art Outsourcing), Original Design Manufacturer (Game Development), and Global Publishing and Others.

Growth vs revenue

Latest

Trend

3Y CAGR

Rel growth

Revenue

$45.50M

22.92%

1.00×

Cost of revenue

$31.95M

20.97%

0.95×

Operating expenses

$12.84M

32.90%

1.26×

Asset mix

Trend

Cash and investments

39.75%

Other

35.22%

Goodwill & intangibles

25.03%

Reinvestment returns

5Y median

Trend

Reinvestment rate

(73.09%)

Return on capital

7.92%

Spread over hurdle

1.04%